US30 - Bull flag or Impulsive wave (Bullish scenario)

2020年5月1日

Hi Traders,

After short break I am back ready to fight dragons and other scary creatures (like Trump) with my TA :)

So as you can see, entire Uptrend from low looks like bear flag. In my opinion can be market as first impulsive wave. Nearest strong support marked with green line (0.5 fib retracement.)

So we could dump to 21570 area. wait for abc corrective pattern visible on 1H TF.

I think entire move could be marked as ABC correction as well, so It will be next analysis (Bearish scenario).



Have a nice weekend ;)

2020年5月1日

註釋

seems like SPX will follow US30. Dump that shT :D